Emirates reports its first ever loss in 33 years. It announced an AED 22.1 billion ($6 billion) Group loss for its financial year 2020-2021 on June 15. The airline branch contributed to this loss with AED 20.3 billion. Emirates is…
Boeing CEO David Calhoun is careful with rate increases. He isn’t willing to announce increases that go too far into the future. A wrong signal to suppliers might backfire on Boeing if predicted numbers fall short, Calhoun said on June 3…
On two occasions, on January 27 and again today on April 28, Boeing’s Chief Financial Officer Greg Smith warned analysts of the need of taking a reach-forward loss on the 787. But even now, with Dreamliner production being hampered by…
Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as…
Boeing expects only 191 of the 309 777X currently listed as “unfilled orders” to be actually firm orders. In its revised order book status, the US airframer has taken out 118 aircraft, it said in an SEC filing on February…
Boeing and the FAA have been unwilling to identify the extent of the software and hardware actuator redesign needed on the 777X, which CEO David Calhoun confirmed in the January 27 results webcast. However, looking at topics on the big…